- $692/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Putnam GMC (18 mi away)
Close
Estimate Lease Details
$692/month for 36 months
$5,000 Down payment
$5,692 Due at signing
$5,692 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $29,897 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Burlingame, CA / 18 miles away from Fremont, CA
Features and Specs:
Listing Information:
VIN: 1GT1ETEDXTU401927
Stock: G01869 - $957/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 440 mi range
- Putnam GMC (18 mi away)
Close
Estimate Lease Details
$957/month for 36 months
$5,000 Down payment
$5,957 Due at signing
$5,957 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $39,443 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Burlingame, CA / 18 miles away from Fremont, CA
Features and Specs:
Listing Information:
VIN: 1GT40LEL7SU412725
Stock: G01846 - $538/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$538/month for 36 months
$5,000 Down payment
$5,538 Due at signing
$5,538 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,353 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Summit White with After Dark (Black) interior). Prices do not include tax an...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH1TU402087
Stock: B14508
Listed since: 07-10-2025 - $688/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$688/month for 36 months
$5,000 Down payment
$5,688 Due at signing
$5,688 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $29,754 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Extended Range Elevation (4WD Electric Automatic - Summit White with After Dark (Black) interior). Prices do not include tax an...
Features and Specs:
Listing Information:
VIN: 1GT1ETED1TU401833
Stock: B14502
Listed since: 07-10-2025 - $730/mo est.$5,000 down
- Exterior color: Dark Ember MetallicDark Ember Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$730/month for 36 months
$5,000 Down payment
$5,730 Due at signing
$5,730 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $31,287 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Extended Range Elevation (4WD Electric Automatic - Dark Ember Metallic with After Dark (Black) interior). Prices do not include...
Features and Specs:
Listing Information:
VIN: 1GT1ETEDXTU401152
Stock: B14474
Listed since: 07-10-2025 - $527/mo est.$5,000 down
- Exterior color: Deep Ocean MetallicDeep Ocean Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$527/month for 36 months
$5,000 Down payment
$5,527 Due at signing
$5,527 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $23,960 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Deep Ocean Metallic with After Dark (Black) interior). Prices do not include...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH5TU402089
Stock: B14509
Listed since: 07-10-2025 - $695/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$695/month for 36 months
$5,000 Down payment
$5,695 Due at signing
$5,695 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $30,016 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
*This vehicle is currently in transit, and will be arriving soon! *New 2026 GMC Sierra EV Extended Range Elevation (4WD Electric Automatic - Onyx Blac...
Features and Specs:
Listing Information:
VIN: 1GT1ETED2TU402103
Stock: B14510
Listed since: 06-20-2025 - $952/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 440 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$952/month for 36 months
$5,000 Down payment
$5,952 Due at signing
$5,952 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $39,283 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2025 GMC Sierra EV Max Range Denali (4WD Electric Automatic - Summit White with After Dark (Black) interior). Prices do not include tax and licens...
Features and Specs:
Listing Information:
VIN: 1GT40LEL6SU401862
Stock: B14082
Listed since: 06-14-2025 - $530/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$530/month for 36 months
$5,000 Down payment
$5,530 Due at signing
$5,530 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,090 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Summit White with After Dark (Black) interior). Prices do not include tax an...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH9TU401155
Stock: B14458
Listed since: 06-30-2025 - $544/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$544/month for 36 months
$5,000 Down payment
$5,544 Due at signing
$5,544 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,595 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Onyx Black with After Dark (Black) interior). Prices do not include tax and ...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH3TU402088
Stock: B14507
Listed since: 07-10-2025 - $546/mo est.$5,000 down
- Exterior color: Dark Ember MetallicDark Ember Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$546/month for 36 months
$5,000 Down payment
$5,546 Due at signing
$5,546 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,646 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Dark Ember Metallic with After Dark (Black) interior). Prices do not include...
Features and Specs:
Listing Information:
VIN: 1GT1ESEHXTU401827
Stock: B14530
Listed since: 07-08-2025 - $537/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Capitol GMC (21 mi away)
Close
Estimate Lease Details
$537/month for 36 months
$5,000 Down payment
$5,537 Due at signing
$5,537 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,332 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in San Jose, CA / 21 miles away from Fremont, CA
New 2026 GMC Sierra EV Standard Range Elevation (4WD Electric Automatic - Onyx Black with After Dark (Black) interior). Prices do not include tax and ...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH5TU401153
Stock: B14460
Listed since: 06-28-2025 - $960/mo est.$5,000 down
- Exterior color: Onyx BlackOnyx Black
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 440 mi range
- Watsonville GMC (46 mi away)(1)
Close
Estimate Lease Details
$960/month for 36 months
$5,000 Down payment
$5,960 Due at signing
$5,960 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $39,558 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Watsonville, CA / 46 miles away from Fremont, CA
WHY CHOOSE WATSONVILLE GMC?Watsonville GMC is the Bay Area's New GM Dealership. Our locally Owned and Low-Cost Overhead Means Great Savings on ...
Features and Specs:
Listing Information:
VIN: 1GT40LEL5SU406020
Stock: SU406020
Listed since: 04-17-2025 - $517/mo est.$5,000 down
- Exterior color: Deep Ocean MetallicDeep Ocean Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Watsonville GMC (46 mi away)(1)
Close
Estimate Lease Details
$517/month for 36 months
$5,000 Down payment
$5,517 Due at signing
$5,517 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $23,606 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Watsonville, CA / 46 miles away from Fremont, CA
WHY CHOOSE WATSONVILLE GMC?Watsonville GMC is the Bay Area's New GM Dealership. Our locally Owned and Low-Cost Overhead Means Great Savings on ...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH4TU401869
Stock: TU401869
Listed since: 07-30-2025 - $952/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 390 mi range
- Watsonville GMC (46 mi away)(1)
Close
Estimate Lease Details
$952/month for 36 months
$5,000 Down payment
$5,952 Due at signing
$5,952 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $39,283 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Watsonville, CA / 46 miles away from Fremont, CA
WHY CHOOSE WATSONVILLE GMC?Watsonville GMC is the Bay Area's New GM Dealership. Our locally Owned and Low-Cost Overhead Means Great Savings on ...
Features and Specs:
Listing Information:
VIN: 1GT40LEL1SU402059
Stock: SU402059
Listed since: 03-11-2025 - $533/mo est.$5,000 down
- Exterior color: Deep Ocean MetallicDeep Ocean Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$533/month for 36 months
$5,000 Down payment
$5,533 Due at signing
$5,533 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,181 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 07-15'-'2025 Estimated Vehicle Delivery Date: 07-15'-'2025 Estimated Vehicle Delivery Date: 07-15'-'2025 Estimated Ve...
Features and Specs:
Listing Information:
VIN: 1GT1ESEHXTU402606
Stock: G260040
Listed since: 06-27-2025 - $680/mo est.$5,000 down
- Exterior color: Dark Ember MetallicDark Ember Metallic
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$680/month for 36 months
$5,000 Down payment
$5,680 Due at signing
$5,680 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $29,496 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 07-24'-'2025 Estimated Vehicle Delivery Date: 07-24'-'2025 Estimated Vehicle Delivery Date: 08-02'-'2025 Estimated Ve...
Features and Specs:
Listing Information:
VIN: 1GT1ETED9TU403071
Stock: G260044
Listed since: 07-10-2025 - $793/mo est.$5,000 down
- Exterior color: Thunderstorm GrayThunderstorm Gray
- Interior color: Forest Storm leatheretteForest Storm leatherette
- 410 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$793/month for 36 months
$5,000 Down payment
$5,793 Due at signing
$5,793 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $33,547 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 08-08'-'2025 Estimated Vehicle Delivery Date: 08-08'-'2025 Estimated Vehicle Delivery Date: 08-08'-'2025 Price includ...
Features and Specs:
Listing Information:
VIN: 1GT4EUED6TU403838
Stock: 403838
Listed since: 07-19-2025 - $672/mo est.$5,000 down
- Exterior color: Summit WhiteSummit White
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$672/month for 36 months
$5,000 Down payment
$5,672 Due at signing
$5,672 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $29,186 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 07-31'-'2025 Estimated Vehicle Delivery Date: 08-06'-'2025 Estimated Vehicle Delivery Date: 08-06'-'2025 Estimated Ve...
Features and Specs:
Listing Information:
VIN: 1GT1ETED5TU403083
Stock: 403083
Listed since: 07-12-2025 - $547/mo est.$5,000 down
- Exterior color: Thunderstorm GrayThunderstorm Gray
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 283 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$547/month for 36 months
$5,000 Down payment
$5,547 Due at signing
$5,547 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $24,700 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 07-12'-'2025 Estimated Vehicle Delivery Date: 07-12'-'2025 Estimated Vehicle Delivery Date: 07-12'-'2025 Estimated Ve...
Features and Specs:
Listing Information:
VIN: 1GT1ESEH1TU402607
Stock: G260039
Listed since: 06-27-2025 - $670/mo est.$5,000 down
- Exterior color: Thunderstorm GrayThunderstorm Gray
- Interior color: After Dark (Black) leatheretteAfter Dark (Black) leatherette
- 410 mi range
- Gold Star GMC (61 mi away)
Close
Estimate Lease Details
$670/month for 36 months
$5,000 Down payment
$5,670 Due at signing
$5,670 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $29,119 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees. Lessee is responsible for vehicle maintenance, insurance, repairs and charges for excess wear and tear. Actual monthly payments will vary. Not all lessees may qualify; higher lease rates apply for lessees with lower credit ratings. Payment estimate based on lease programs in effect through August 4, 2025.
Located in Salinas, CA / 61 miles away from Fremont, CA
Estimated Vehicle Delivery Date: 08-23'-'2025 Estimated Vehicle Delivery Date: 08-23'-'2025 Estimated Vehicle Delivery Date: 08-23'-'2025 Estimated Ve...
Features and Specs:
Listing Information:
VIN: 1GT1ETED8TU403840
Stock: 403840
Listed since: 07-18-2025
Consumer Reviews for the GMC Sierra EV
Easily the best vehicle I've owned
More about the GMC Sierra EV
How much does it cost to lease a GMC Sierra EV in Fremont, CA?
- A GMC Sierra EV lease in Fremont, CA starts at about $516 and runs up to $959. Keep in mind that these are estimates and the prices can vary based on a number of factors such as trim level, options, down payment, and length of the lease.
How much does it cost to lease a GMC Sierra EV 2026 in Fremont, CA?
- It costs between $516 and $792 to lease a GMC Sierra EV 2026 in Fremont, CA. Note that these are estimates, and the pricing can change based on the vehicle's trim level, installed options, and aspects of the lease such as the down payment, money factor and the lease term.